1. 1. Introduction

1.1. These Terms and Conditions ("Agreement") govern the supply of stationery products ("Goods") on a credit basis by Infinite Consultancies in the trade name of penhouse.in ("Supplier") to the customer ("B2B Customer Name").

1.2. By placing an order with the Supplier, the Customer agrees to be bound by this Agreement.

1.3. This Agreement sets forth the terms under which the Supplier will provide Goods to the Customer and the obligations of both parties.

2. 2. Definitions

2.1. "Credit Period" means the period within which the Customer must pay for the Goods supplied on credit.

2.2. "Invoice" means the document issued by the Supplier specifying the amount payable by the Customer for the Goods supplied.

2.3. "Due Date" means the date by which payment for the Goods must be made by the Customer.

2.4. "Order" means the Customer's request for Goods from the Supplier.

2.5. "Delivery Date" means the date on which the Goods are delivered to the Customer.

3. 3. Supply of Goods

3.1. The Supplier agrees to supply the Goods to the Customer on a credit basis as per the terms of this Agreement.

3.2. The Goods supplied will be of satisfactory quality, free from defects, and fit for their intended purpose.

3.3. The Supplier reserves the right to refuse any Order that does not comply with the terms of this Agreement.

4. 4. Orders and Delivery

4.1. The Customer must place orders for the Goods in writing, specifying the quantity and type of Goods required.

4.2. The Supplier will deliver the Goods to the address specified by the Customer within the agreed timeframe.

4.3. The risk of loss or damage to the Goods passes to the Customer upon delivery.

4.4. The Supplier is not liable for any delays in delivery caused by circumstances beyond its control.

5. 5. Pricing and Payment Terms

5.1. The price of the Goods will be as specified in the Invoice issued by the Supplier.

5.2. The Customer agrees to pay the Supplier the amount specified in the Invoice within [Credit Period] (which is agreed in email during the Customer Registration Process) from the date of the Invoice.

5.3. All payments must be made by the Due Date specified in the Invoice.

5.4. Late payments will incur interest at a rate of 1% per month until the outstanding amount is paid in full.

5.5. The Supplier reserves the right to suspend further deliveries to the Customer if any payment is overdue.

6. 6. Credit Terms

6.1. The Supplier may, at its discretion, extend credit to the Customer based on an assessment of the Customer's creditworthiness.

6.2. The Supplier reserves the right to review and adjust the Customer's credit limit at any time.

6.3. The Customer must provide the Supplier with accurate and up-to-date information for credit assessment purposes.

7. 7. Warranties and Liability

7.1. The Supplier warrants that the Goods supplied will be of satisfactory quality and fit for their intended purpose.

7.2. The Supplier's liability for any defective Goods is limited to the replacement of the Goods or a refund of the purchase price, at the Supplier's discretion.

7.3. The Supplier is not liable for any indirect, incidental, or consequential damages arising from the use of the Goods.

7.4. The Supplier's total liability under this Agreement is limited to the amount paid by the Customer for the Goods.

8. 8. Returns and Refunds

8.1. The Customer may return any defective Goods to the Supplier for a replacement or refund, provided that the Customer notifies the Supplier of the defect within [Return Period] days of delivery.

8.2. Returned Goods must be in their original packaging and in a resalable condition.

8.3. The Supplier will process refunds within [Refund Processing Time] days of receiving the returned Goods.

9. 9. Confidentiality

9.1. Both parties agree to keep confidential any information disclosed by the other party that is marked as confidential or would reasonably be considered confidential.

9.2. Confidential information may only be used for the purposes of fulfilling obligations under this Agreement.

9.3. Confidential information does not include information that is publicly available, already known to the receiving party, or disclosed by a third party without breach of any confidentiality obligation.

10. 10. Termination

10.1. Either party may terminate this Agreement with [Notice Period] days' written notice to the other party.

10.2. The Supplier may terminate this Agreement immediately if the Customer fails to make any payment by the Due Date or breaches any other term of this Agreement.

10.3. Upon termination, the Customer must immediately pay any outstanding amounts owed to the Supplier.

11. 11. Governing Law and Dispute Resolution

11.1. This Agreement is governed by the laws of [Jurisdiction].

11.2. Any disputes arising from this Agreement will be resolved through [Dispute Resolution Method], such as mediation or arbitration.

12. 12. Force Majeure

12.1. Neither party is liable for any failure to perform its obligations under this Agreement due to circumstances beyond its reasonable control, including but not limited to acts of God, war, terrorism, and natural disasters.

13. 13. Miscellaneous

13.1. This Agreement constitutes the entire agreement between the parties and supersedes any prior agreements or understandings.

13.2. Any amendments to this Agreement must be in writing and signed by both parties.

13.3. If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will continue in full force and effect.

14. 14. Notices

14.1. All notices under this Agreement must be in writing and sent to the addresses specified by the parties.

14.2. Notices are deemed to have been received [Notice Receipt Period] days after being sent by registered mail or immediately if delivered in person.